Dec 21, 2012 11:30pm PST
john boehner failed to bring plan b to the floor. it would have raised taxes on those americans making more than $1 million a year. >> we had a number of our members who just really didn't want to be perceived as raising taxes. >> reporter: the two sides left blaming each other for inaction. democrats said the failure in the house pointed for a need for more compromise by the gop. >> republicans got the message loud and clear. >> reporter: he said the next move needs to come from the president. >> he is the only one who can do it. this isn't john boehner's problem to solve. >> without a deal tax hikes and spending cuts are set to trigger after january 1. in washington. >>> just released figures show the price of a home in november rose to the highest level since 2008. data show the average sale price for a single family home in november was $883,000. that is up 16% from 2011. the price of condos rose 40%, $468,000. a lack of inventory is driving the spike. >> reporter: investors -- >>> investors reacted badly that no deal was reached in the fiscal cliff. the dow is down 120 to 1
Dec 27, 2012 11:30pm PST
congressional leaders last night and today house speaker john boehner said the house will convene on sunday leaving less than 48 hours to come up with a deal. >> it's the count down to midnight. the start of a new year. but this year president, the american people are waiting for the ball to drop but it's not going a good drop. >> republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> off the senate floor, mitch mcconnell appears to be more flexible. the senator sent an e-mail suggesting he's negotiating an acceptable deal with the white house. >>> stocks rebounded today on news that the house would reconvene on the fiscal cliff after diving more than 150 points the dow bounced back to lose only 18 points. it was the fourth straight day of losses. >> i don't know there's a word to describe how -- the public is going to be. >> why california is going to take an extra hit if we go over the fiscal cliff. >>> new at 10:00, a man was critically wounded at a shooting in an east b.a.r.t. station.
Dec 28, 2012 11:30pm PST
john boehner and nancy pelosi met with president obama today. the president called on top senators to craft a deal and get it past this weekend for presentation to the house. >> i still want to get this done. it's the right thing to do for our families, for our businesses and the entire economy. but the hour for immediate action is here. it is now. >> so we'll be working hard to see if we with get there in the next 24 hours so i'm hopeful and optimistic. >>> senator mitch mcconnel called the meeting with president obama good. taxes go up for all americans and traásic cuts will hit -- and drastic cuts will hit the national budget. >>> the dow fell 158 points, and the nasdaq fell 25 points. >> they may you know want to do something illegal just to put food on the table. >> coming up in 18 minutes finally strapped the hundreds of thousands of people set to feel the impact of the financial cliff starting tomorrow. >>> a sixth suspect has now been charged in connection with a beating and homicide in san francisco where the victims were bound and gagged. ktvu's david stevenson was in co